Topic: The Dow dropped 190.57 points to close at 11905 after
Fitch ratings released a report saying that US banks could be "greatly
affected" if Europe's debt crisis continues to spread
Link: http://www.businessweek.com/ap/financialnews/D9R22U280.htm
Link: http://www.businessweek.com/ap/financialnews/D9R22U280.htm
Questions:
1) What are the reasons behind Fitch's report saying "the credit outlook for U.S. banks could worsen unless
the euro zone's debt crisis isn't resolved in a 'timely and orderly'
manner"? To be specific, is Fitch referring to any particular european
country or incident happened recently in the debt crisis?
2) Some remain optimistic towards U.S. market, saying "the U.S.
could set a positive tone for the rest of the world markets by the end of the
year even though Europe continues to be a problem". Do you
agree or disagree, why or why not? Base your answers on the latest performance
in U.S. financial market.
Related stories:
1) http://news.businessweek.com/article.asp?documentKey=1376-LUST670D9L3501-1E0G3RO91QB1GKGIU3MSDIINF6
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